About Indiabulls Ultra Short Term Direct Fund-Growth
Indiabulls Ultra Short Term Direct Fund-Growth is a
Debt mutual fund scheme from
Indiabulls Mutual Fund. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager
Vikrant Mehta. It has an AUM of ₹39.98 Crores and the latest NAV decalared is ₹1964.644 as on 06 Dec 2019 at 9:00 pm.
Indiabulls Ultra Short Term Direct Fund-Growth scheme return performance in last 1 year is 8.36%, in last 3 years is 24.91% and 78.49% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.